Strategic Supply Chain Initiative
Title:
Strategic Supply Chain Initiative
Agency:Connecticut Department of Economic and Community Development
State:Connecticut
Open Date:
1/17/2025
Close Date:TBD
Last Updated:
7/8/2025
Description:
• $25 million program administered by Connecticut DECD offering grants between $500,000 to $5,000,000
• Targeted at supply chain companies in CT's core industries: Manufacturing, Semiconductors, Insurtech/Fintech, Biomedical/Life Sciences, Clean Energy, and IT
• Key requirements:
- Minimum 50% funding match required (10% for distressed municipalities)
- Must commit to retaining existing workforce
- Collateral required
- Evidence of matching funds must be provided
• Eligible uses of funds:
- Machinery & equipment purchases
- Robotics and new technology implementation
- Infrastructure improvements
- Product/process innovation
- R&D activities
- Establishing new operations
• NOT eligible for:
- Routine maintenance
- Existing work/contracts
- Debt restructuring
- Loan payments
- Working capital
- Workforce training
• Primary goal is to increase production capacity to win new business, with secondary goals of accelerating onshoring and attracting out-of-state/international operations
Attached Files:
Please visit the bid source via the “Link to Bid Source” button below for documentation.
Contact Information:
There is no contact information available at this time.
Budget Estimate:
There is no budget estimate available at this time.
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